04.25.2014

Romanian industrial equipment maker Comelf Bistrita (CMF.RO) aims to double its gross profit to 7.2 million lei (EUR1.6 million) and boost total revenues by 14% to RON183.1 million in 2014, according more

04.18.2014

Having just returned from a trip to Washington where he met with the officials of the S&P and Moody’s ratings agencies, Budget Minister Liviu Voinea says chances are Romania will get a rating more

04.15.2014

Romanian vegetable oil producer Argus Constanta (UARG.RO) estimates revenues of RON191.7 million this year, up 34%, and a pre-tax profit of RON5.9 million. more

04.10.2014

Romanian conveyor belt maker Artego Targu Jiu (ARTE.RO) expects its revenues to go up 5% to 185 million lei (EUR41.4 million) and its net profit to drop 42% to RON3 million in 2014, according to the more

04.09.2014

Romanian company THR Marea Neagra (EFO.RO) targets a turnover of 32.5 million lei (EUR7.2 million) in 2014, up 16% on the year, and profit of RON3.4 million, nearly five times higher than last more

04.02.2014

Romania’s 20 priority investments for this year have a total budget of around EUR1.1 billion, but only four of these refer to new projects set to receive around EUR160 million in 2014. more

03.26.2014

Romania’s consolidated budget posted a deficit of 3.1 billion lei (EUR693 million) in the first two months of 2014, equal to 0.46% of the gross domestic product, Finance Ministry data showed. more

03.20.2014

Romania’s road authority CNADNR said it wants to build 93.1 kilometers of highway in 2014, based on a budget of 2.65 billion lei (EUR0.58 billion), lower by RON1.1 billion than in 2013. more

03.12.2014

Shareholders of Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) Tuesday rejected the company’s revenue and expenditure budget for 2014, asking for another meeting after the more

03.06.2014

The main 20 public investment projects in 2013 totaled 6 billion lei (EUR1.33 billion), namely half of the total sum assigned from state budget, of nearly RON12 billion, with the first three projects more

03.06.2014

Romanian aluminum company Alro Slatina (ALR.RO) will prepare a plan to shut down part of its production facilities, in an attempt to reduce costs, which could result in a significant number of job more

02.25.2014

Romania’s consolidated budget posted a surplus of 1.5 billion lei (EUR228 million) in January, equal to 0.23% of the gross domestic product, Finance Ministry data showed. more

01.29.2014

Romania’s government managed to keep the fiscal deficit below the target agreed with the International Monetary Fund in 2013, as the budget gap stood 15.77 billion lei (EUR3.5 billion), or 2.5% of more

01.22.2014

Bucharest subway operator Metorex estimates gross loss of 123.19 million lei (EUR27.19 million) in 2014, revenues of RON654.4 million and expenses of RON777.6 million. more

01.07.2014

Romania posted a budget deficit of 2.5% of the gross domestic product in 2013, while the economic growth was slightly higher than estimated, Prime Minister Victor Ponta said Monday evening. more

12.20.2013

The institutions in charge of pensions, health insurance and highways, which have total budgets of over EUR17 billion, are run by three executives who have been politically appointed by ruling more

12.18.2013

Romanian Prime Minister Victor Ponta Wednesday said the planned increase in fuel excises by EUR0.07/liter, starting January 1, 2014, will be delayed for three months, until March 31, 2014. more

12.11.2013

Romania’s Transport Ministry expects privatization revenues of 11.4 million lei (EUR2.56 million) in 2014 from the sale of minority stakes in the companies it controls, according to the ministry’s more

12.09.2013

Romanian President Traian Basescu told a news conference Monday he signed the 2014 social security budget into law. more

12.09.2013

The Romanian Government is preparing a set of measures aimed at restarting consumption for the beginning of next year. The measures will not affect budget resources, Budget Minister Liviu Voinea said more

12.09.2013

Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the letter of more

12.06.2013

Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) targets turnover of 215 million lei (EUR48.1 million) in 2014, slightly up from RON210 million estimated in the company’s more

12.04.2013

Romania’s Parliament Wednesday adopted the draft laws on the state budget and social security budget for 2014. more

12.03.2013

Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, included in the more

11.25.2013

Romania’s consolidated budget posted a deficit of 7.6 billion lei (EUR1.7 billion) in the first 10 months of 2013, equal to 1.21% of the gross domestic product, Finance Ministry data showed Monday. more